Blockchain News - Optimisus

1 year ago 1 min read

Cardano Unveils Ethereum-compatible Sidechain Prototype

Input Output Hong Kong (IOHK), the team behind smart contract platform Cardano (ADA), has launched a new sidechain proof of concept that is compatible with Ethereum (ETH). The public testnet uses components of the sidechain toolkit and is compatible with the Ethereum Virtual Machine (EVM). The aim of the project is to expand the Cardano blockchain’s utility. IOHK has not given a specific time frame for the testnet but has encouraged developers and validators to use both the toolkit and sidechain. Recently, crypto analytics platform Santiment found that whale activity on Cardano has been spiking, which previously led to a

1 year ago 1 min read

Venture Capital Firm Aptos Labs Invests in Web3 TikTok Alternative Chingari

Aptos Labs, a blockchain company, is making its move into web3 social media by investing in Chingari, a short video app. With five million daily active users and over 200 million videos watched daily, Chingari has established itself as a popular platform for users to upload and share short videos, similar to TikTok. As a result of the investment, Chingari will now be powered by the Aptos blockchain. The Aptos network offers speed, safety, and scalability, which will support Chingari’s growing number of users and its plans to onboard even more in the future. Chingari initially started as a web2

The partnership will bring Solana support tokens to the Brave browser

1 year ago 1 min read

Brave Integrates Solana for Mobile DApp Access

In a major development for the crypto community, Brave, the privacy-focused web browser, has announced its partnership with the Solana Foundation, a high-performance blockchain platform. The partnership will bring Solana support tokens to the Brave browser, enabling users to store, send, and purchase Solana tokens directly from the browser’s built-in wallet. This integration will provide a seamless experience for users looking to access their Solana-based applications and programs. Amelia Daly, Head of Partnerships at Solana Foundation, welcomed the partnership, stating that the integration with Brave will help to provide a better user experience for the crypto community. She said, “User

1 year ago 1 min read

Fuse Network Launches Web3 Platform to Drive Crypto Adoption

Fuse Network has launched a payments network designed for mainstream businesses in the hopes of increasing crypto adoption. Fuse 2.0 is a low-cost, adaptable, and user-friendly solution that is compatible with mobile devices and aims to compete with traditional payment networks like Visa and Mastercard. The network is divided into three levels: merchants, operators, and validators. Merchants create Web3 apps for customers, transactions are handled by operators, and validators provide services to operators to develop functional Web3 apps. Fuse CEO Mark Smargon stated that the aim is to promote crypto adoption through ordinary Web3 payments. Further information about Fuse 2.0,

1 year ago 1 min read

Uniswap Community Votes in Favor of Boba Network Deployment

Uniswap, the decentralized exchange (DEX) that operates on the Ethereum blockchain, has received the green light to deploy version 3 (v3) of its platform on the Boba Network. This decision was the result of a favorable community vote, and was backed by FranklinDAO and ConsenSys. Boba Network is a separate blockchain that runs on top of Ethereum and offers faster and cheaper user transactions. Uniswap, like other DEXs, operates through smart contracts, eliminating the need for third-party intermediaries to offer financial services, such as lending and borrowing. As part of the agreement, the Boba Foundation has received an additional use

PayBito has integrated OpenAI's ChatGPT AI chatbot

1 year ago 0 mins read

PayBito integrates OpenAI’s ChatGPT into its platform

U.S.-based cryptocurrency exchange PayBito has integrated OpenAI’s ChatGPT AI chatbot into its platform to enhance market data analysis, trend predictions and trading opportunities. The AI service will help beginners understand the different aspects of crypto trading. ChatGPT has seen rapid growth with 590 million visits in January from 100 million unique users, making it the fastest-growing consumer internet app ever, according to Similarweb analysis. Other companies such as Numerai and Open Protocol are exploring AI and crypto integrations.

1 year ago 1 min read

Solana’s Everlend Protocol to Close Down

Solana-based DeFi platform, Everlend, has announced that it is shutting down due to a lack of liquidity and a shrinking borrowing and lending market. The project mentioned that even with sufficient runway, continuing to operate and develop the protocol would be a “gamble.” Everlend has switched to withdrawal-only mode and encouraged users to remove their deposited funds. The codebase for the protocol will become open-source, allowing anyone to continue the work. The liquidity squeeze faced by Everlend is attributed to the DeFi ecosystem on Solana moving away from Serum, which was the main liquidity provider for nearly all projects on

1 year ago 1 min read

Nostr Unveils Mobile App Damus for Decentralized Social Networking

Nostr, the decentralized social network, has finally launched its mobile app, Damus, on Feb. 1. The app is now available for download on both Google Play and the App Store. The launch was greeted with enthusiasm by Twitter co-founder Jack Dorsey, who called it a “milestone for open protocols.” Dorsey had previously donated Bitcoin to Nostr protocol and made reference to it in his Twitter bio. Damus operates like Twitter and gives users complete control over their data. Unlike traditional social media apps, Damus doesn’t require a KYC process, and all messages are secured with end-to-end encryption. The launch of

Terra Lending's Mars Hub Mainnet Deployment Brings Airdrop to Community

1 year ago 1 min read

Terra’s Lending Protocol Mars Hub Goes Live with Mainnet Launch and Airdrop

Mars Hub, the original lending protocol on the Terra blockchain, has deployed its mainnet on Cosmos, according to a recent blog post. The protocol will be available on Osmosis, the largest decentralized exchange on Cosmos with a total value locked of $180 million. Users will be able to borrow and lend Cosmos-based tokens, with stakers of the MARS token receiving a portion of fees as a reward. At present, Mars Hub is only accessible on-chain and does not have a user interface, but there is a governance proposal to incentivize liquidity providers on Osmosis. 64.4 million MARS governance tokens have

1 year ago 1 min read

Zhejiang Launches Ethereum Staking Withdrawal Testnet for Shanghai

The Zhejiang public testnet is set to launch on February 1st at 15.00 UTC, offering users a chance to experience the withdrawal process and network functionality after the upcoming Ethereum Shanghai upgrade. The testnet will be used to deposit funds to validators and familiarize users with the interface, with trial withdrawals set to begin on February 7th. The Shanghai upgrade is a highly anticipated event on the cryptocurrency calendar and is expected to boost Ethereum staking, as the phased release of ETH staked on the Beacon Chain for up to 26 months will no longer be locked up. Currently, 16.3

1 year ago 1 min read

Binance Expands into Decentralized Web3 Storage with BNB Greenfield

Binance has launched a new white paper detailing its latest project, BNB Greenfield, which is a decentralized Web3 storage infrastructure built on Binance’s blockchain platform, BNB Chain. The system allows users and decentralized applications to have full ownership of their data and is being built as a decentralized storage system with smart contract integrations. BNB Greenfield will be supported by community developer teams from Amazon Web Services, NodeReal, and Blockdaemon. The system will use non-fungible tokens and smart contracts for data ownership and management, with Binance’s BNB token being used for the financialization of data storage. Users who hold BNB

Toyota Explores Blockchain Possibilities in DAO Hackathon

1 year ago 1 min read

Toyota Joins the Blockchain Revolution with DAO Event

Toyota is exploring blockchain use cases through its involvement in a Web3 hackathon for decentralized autonomous organization (DAO) developers hosted by Astar Network. This is Toyota’s first Web3 event and it is aiming to develop a proof of concept DAO tool for its employees. Astar Foundation is pledging $100,000 in funding for the hackathon, which will be hosted in Astar’s Polkadot-based metaverse, COZMISE. Participants will develop their products on the Astar Network, a Japan-based layer-1 blockchain. Toyota has already established a blockchain lab in 2020 to explore the future of distributed ledger technology and its role in the automotive industry,